And the purpose of this bill is not simply to confirm that the authority is there, but to say that we expect it to be used, and to demand that if it is not used we get a written explanation as to why not. And I think it should be noted...the municipalities have been the unfair victims of this financial crisis, and we do some things to help that in this particular legislation. We will be doing more.
Discussing the purpose and expectations of a bill related to municipalities affected by the financial crisis.
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One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'
I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
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